The Tax Cuts And Jobs Act And Its Impact On Automation And Artificial Intelligence

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THE TAX CUTS AND JOBS ACT AND ITS IMPACT ON AUTOMATION AND ARTIFICIAL INTELLIGENCE.

Author : Christopher John Chiappa
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis THE TAX CUTS AND JOBS ACT AND ITS IMPACT ON AUTOMATION AND ARTIFICIAL INTELLIGENCE. by : Christopher John Chiappa

Download or read book THE TAX CUTS AND JOBS ACT AND ITS IMPACT ON AUTOMATION AND ARTIFICIAL INTELLIGENCE. written by Christopher John Chiappa and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tax Cuts and Jobs Act of 2017 (TCJA) is a major change to the United States Internal Revenue Code, the tax law that governs individuals and businesses. The Act is the largest and most significant of its kind since 1986, when the IRC was last modified to this extent. The overall purpose of the TCJA is to provide tax relief to all taxpayers, stimulate the economy, and create jobs. The most well known provision is the reduction of income tax rates, particularly the corporate tax rate. There has been much public discussion on the economic effects of the tax rate cut and other major provisions. Although its results are difficult to measure in the early stages of its implementation, some indicators point toward economic growth with more money in the hands of taxpayers. A more in-depth analysis of the TCJA in the context of current technological trends reveals other possible impacts. The U.S. is now experiencing rapid growth in automation and artificial intelligence in many industries, and the TCJA provides incentives for additional investments in productive assets. This, together with the full employment environment, leads me to predict that the new tax plan will ultimately translate to the deployment of more automation and artificial intelligence. In this paper I examine major factors and trends that are currently driving growth in automation and AI, key provisions of the TCJA that create incentives to invest, and the status of the U.S. economy and unemployment rate which establishes conditions under which companies may be faced with a need to invest. This paper is not speculating on the overall positive or negative implications of an increase of automation on the U.S. economy and job market, but merely establishing a connection that analysts might have overlooked in the early stages of the Acts implementation.

I Robot

Author : Roberta F. Mann
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis I Robot by : Roberta F. Mann

Download or read book I Robot written by Roberta F. Mann and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a 2017 interview, Microsoft founder Bill Gates recommended taxing robots to slow the pace of automation. Funds raised could be used to retrain and financially support displaced workers. Up to 47 percent of U.S. jobs are at risk by advancements in artificial intelligence. Low-wage workers currently hold a majority of those at-risk jobs. Increased automation is likely to exacerbate income inequality. While employment changes due to automation are not new, advances in artificial intelligence threaten many more jobs much more quickly than historic automation did. Accelerated automation presents two problems: a revenue problem and a human problem. The revenue problem exists because the tax system is designed to tax labor more heavily, as labor is less likely to be able to avoid taxation. Capital investment, on the other hand, is taxed more lightly because capital is mobile and can escape taxation. When capital becomes labor, as in automation, the bottom falls out of the system. The human problem is first that most people need income from working to survive. Some scholars have advocated for a governmentally provided universal basic income (UBI). Taxing robots could in theory provide revenue for a UBI, although any source of revenue would work just as well. While this would solve the survival problem, humans need more than basic survival. In his classic work, psychologist Abraham Maslow put survival at the bottom of his hierarchy of needs. Work satisfies the higher order needs of social identity and self-esteem. The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, significantly cut the U.S. corporate tax rate, from 35 percent to 21 percent. In addition, TCJA increased tax benefits for purchasing equipment (which would include automation), significantly enhancing bonus depreciation. The new tax legislation continued and deepened the existing tax bias towards automation. This article explores policy options for solving the revenue problem and the "jobs" problem, including a discussion and critique of UBI proposals and recommendations for other policy options, such as an enhanced earned income tax credit, incentives for employers, and reviving an idea from the Great Depression, the Civilian Conservation Corps.

The Economics of Artificial Intelligence

Author : Ajay Agrawal
Publisher : University of Chicago Press
ISBN 13 : 0226833127
Total Pages : 172 pages
Book Rating : 4.2/5 (268 download)

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Book Synopsis The Economics of Artificial Intelligence by : Ajay Agrawal

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Tax Cuts and Jobs Act: The Complete Bill

Author :
Publisher : Simon and Schuster
ISBN 13 : 1510737308
Total Pages : 536 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Tax Cuts and Jobs Act: The Complete Bill by :

Download or read book Tax Cuts and Jobs Act: The Complete Bill written by and published by Simon and Schuster. This book was released on 2018-01-30 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the end of 2017, Congress passed the biggest tax plan since 1986. Whether you were for or against the sweeping overhaul, the Tax Cuts and Jobs Act will begin to affect individuals and businesses as early as January 2018. Yet, until now, relatively few people have had access to it or read it. Whether you file on your own, use someone to prepare your taxes, or you are an accountant yourself, to really understand how the bill will affect you means you must dig in. And having this complete resource, including the full text of the bill, will help you navigate its complexities. From dramatic reductions in taxes for corporations and other businesses, to an increase to standard individual deductions, there are many changes that Americans need to understand before the IRS comes calling. With insider analysis and insight from Patricia Cohen, who covers the national economy for the New York Times and whose front-page stories on this topic informed a nation, as well as specific tips from Michael Cohn, editor-in-chief of AccountingToday.com, this is an indispensable reference.

Taxing Robots

Author : Xavier Oberson
Publisher :
ISBN 13 : 9781788976510
Total Pages : 0 pages
Book Rating : 4.9/5 (765 download)

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Book Synopsis Taxing Robots by : Xavier Oberson

Download or read book Taxing Robots written by Xavier Oberson and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: ""The increasing use of artificial intelligence within the workplace is likely to cause significant disruption to the labour market and in turn, to the economy, due to a reduction in the number of taxable workers. In this innovative book, Xavier Oberson proposes taxing robots as a possible solution to the anticipated problem of declining tax revenues. In accordance with guiding legal and economic principles, the book explores the various tax models that could be applied to both the use of robots, such as a usage or automation tax, and to robots directly. Numerous associated issues are discussed, such as the definition of robots for tax purposes, the difficulty of granting a tax capacity to robots, as well as the compatibility of robot taxes with international tax rules. The author concludes by putting forward a possible system for the taxation of robots, taking all of these issues into consideration. Being the first work of its kind to explore the potential for taxing robots in detail, this book will be a unique resource for researchers in the fields of law and economics who have an interest in the impact of artificial intelligence. Lawyers and tax professionals can also benefit from Oberson's insights on what future models of taxation may look like and what the legal consequences may be"-- Page four of cover.

Tax and Robotics

Author : Álvaro Falcón Pulido
Publisher : BRILL
ISBN 13 : 9004538518
Total Pages : 193 pages
Book Rating : 4.0/5 (45 download)

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Book Synopsis Tax and Robotics by : Álvaro Falcón Pulido

Download or read book Tax and Robotics written by Álvaro Falcón Pulido and published by BRILL. This book was released on 2023-12-18 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are standing on the threshold of the robotic era, the fourth industrial revolution. The undeniable impact and consequences of robotics are already raising economic concerns, such as the loss of income tax revenue as robots gradually replace human workers, as well as legal doubts regarding the possible taxation of robots or their owners. Financial law must adapt to this new reality by answering several crucial questions. Should robots pay taxes? Can they? Do they have the ability to pay? Can they be considered entrepreneurs for VAT purposes? These are just some of the many issues that Dr. Álvaro Falcón Pulido lucidly and insightfully addresses in this fascinating new monographic work, which includes an exhaustive bibliography on the subject.

Taxing Robots

Author : Xavier Oberson
Publisher : Edward Elgar Publishing
ISBN 13 : 1788976525
Total Pages : 200 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Taxing Robots by : Xavier Oberson

Download or read book Taxing Robots written by Xavier Oberson and published by Edward Elgar Publishing. This book was released on 2019 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The increasing use of artificial intelligence within the workplace is likely to cause significant disruption to the labour market and in turn, to the economy, due to a reduction in the number of taxable workers. In this innovative book, Xavier Oberson proposes taxing robots as a possible solution to the anticipated problem of declining tax revenues.

Automation, Innovation and Work

Author : Jon-Arild Johannessen
Publisher : Routledge
ISBN 13 : 1000051617
Total Pages : 283 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Automation, Innovation and Work by : Jon-Arild Johannessen

Download or read book Automation, Innovation and Work written by Jon-Arild Johannessen and published by Routledge. This book was released on 2020-03-11 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial intelligence will not necessarily create a super-intelligent “human robot”; however, it is very probable that intelligent robots and intelligent informats will bring about a form of super-globalization, in which money and goods are prioritized over people and democracy and where the widespread use of casual labour – that is, short-term contracts – will become the most common form of employment relationship. It is also very likely that artificial intelligence will bring about what is known as singularity. This term is used to describe a situation where intelligent robots, from a rational and logical perspective, are smarter than humans, i.e. the development of AI. This book explores the impact that these intelligent robots and intelligent informats will have on social and societal development. The author tackles the question of singularity from three distinct standpoints: technological singularity – the intelligence of machines compared to that of humans – which he argues will bring about a qualitatively new labour market; economic singularity – the consequences for work relationships, value creation and employment – which he asserts will promote full automation, result in precarious contracts with low salaries, and, in some countries, possibly lead to the introduction of a universal basic income; and social singularity – the consequences of technological and economic singularity for democratic processes, bureaucratic procedures for exercising authority and control, and the direction in which society will develop, in addition to the emergence of new social institutions – which Johannessen says will promote a transition from representative democracy to genuine democracy. The book will appeal to academics, researchers and students of economic sociology and political economy, as well as those focusing upon the emerging innovation economy. It will also find an audience among professionals and policymakers keen to understand the impact the Fourth Industrial Revolution will have on organizations, individuals and society at large.

The Reasonable Robot

Author : Ryan Abbott
Publisher : Cambridge University Press
ISBN 13 : 1108472125
Total Pages : 165 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis The Reasonable Robot by : Ryan Abbott

Download or read book The Reasonable Robot written by Ryan Abbott and published by Cambridge University Press. This book was released on 2020-06-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that treating people and artificial intelligence differently under the law results in unexpected and harmful outcomes for social welfare.

Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change

Author : Johnny Ch Lok
Publisher : Independently Published
ISBN 13 : 9781794467040
Total Pages : 122 pages
Book Rating : 4.4/5 (67 download)

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Book Synopsis Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change by : Johnny Ch Lok

Download or read book Artificial Intelligence Brings Positive Or Negative Impaction To: Influence Human Job Change written by Johnny Ch Lok and published by Independently Published. This book was released on 2019-01-20 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter Two Future works change: Automation, employment and productivity2.1How (AI) influences employment Human future " micro to macro" industry trends will be affected business strategy and public policy by (AI) technology. In the future (AI) technology will influence those six themes: productivity and growth, natural resources, labor markets, the evolution of global financial markets, the economic impact of technology and innovation and urbanization. However, (AI) technology will bring economic benefits of tackling gender inequality, a new global competition, Chinese innovation and digital globalization.Nowadays, advances in robotics artificial intelligence, and machine learning are in a new age of automation, as machines match or outperform human performance in a development to any countries. For example, automation of activities can enable businesses to improve performance by reducing errors and improving quality and speed, and in some cases achieving outcomes that go beyond human capabilities. For example, some research indicated automation could raise productivity growth globally by 0.8 to 1.4 % annually; more than 2,000 work activities across 800 occupations. When less than 5% of all occupations can be automated using demonstrated technologies about 60% of all occupations have at least 30% of constituent activities that could be automated. Many occupations will change that will be automated away: Activities most susceptible to automation involve physical activities, in highly structured and predictable environments, as well as the collection and processing of data. They are most prevalent in manufacturing, accommodation and food service and retail trade and include some middle-skill jobs. For example, such as natural language processing is a key factor. Beyond technical feasibility, the cost of technology competition with labor including skills and supply and demand dynamics, performance benefits including and beyond labor cost savings, and social and regulatory acceptance will be affected by (AI) automation technology. Thus, (AI) automation will impact to influence global employment in those aspects as below: Firstly, assuming that people are displaced by automation will find other employment. The anticipated shift in the activities in the labor force is of a similar order as the long-term shift away from agriculture and decreases in manufacturing share of employment. Both of manufacturing and agriculture industries which would be accompanied by the creation of new types of work not foreseen at the time.Secondly, for business, the performance benefits of automation are relatively clear. Thus, the businessmen have opportunities for their micro economies to benefits from the productivity growth potential and macro economies to benefit to encourage continued progress and innovation, investment and market incentives. At the same time, employers must innovate policies to help workers and institutions adapt to the impact on employment.

Artificial Intelligence Changes What Job Nature To

Author : Johnny Ch LOK
Publisher :
ISBN 13 :
Total Pages : 143 pages
Book Rating : 4.6/5 (434 download)

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Book Synopsis Artificial Intelligence Changes What Job Nature To by : Johnny Ch LOK

Download or read book Artificial Intelligence Changes What Job Nature To written by Johnny Ch LOK and published by . This book was released on 2020-05-05 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁How does artificial intelligence influence future working changing in automation employment and productivity aspects?In the automation changing influence aspect, as companies increasingly use robots on production lines or algorithms to optimize their logistics manage inventory, any carry out other core business functions. Technological advances are creating a new automation age in which ever-smarter and more flexible machines will be deployed on an ever larger scale in the marketplace. However, researching artificial intelligence with how influences human working nature. We need to answer these questions: How will automation transform the workplace? What will the implications for employment? And what is likely to be its impact both on productivity in the global economy and on employment?Advances in robotics, artificial intelligence, and machine learning are growing in a new age of automation as machines match or outperform human performance in a range of work activities, including ones requiring cognitive capabilities. What factors are determined the changing in workplace adoption by artificial intelligence innovation? What advantages are automation? Automation of activities can be enabled businesses to improve performance by reducing errors and improving quality and speed, and achieving outcomes that go beyond human capabilities.Some scientists indicated based on their scenario modeling. They estimated automation could raise producing growth globally by 0.8 to 1.4 percent annually. Almost, the activities people are paid almost $16 trillion in wages to do in global economy have the potential to be automated by adopting currently demonstrated technology. According to their analysis of more than 2,000 work activities across 800 occupations. When less than 5% of all occupations have of least 30% of activities that could be automated. They also indicated that technical economic and social factors will determine automation. Continued technical progress, for example, in areas such as natural language processing is a key factor beyond technical feasibility , the cost of technology, competition with labor including skills, and supply and demand dynamics, performance benefits including and beyond labor cost savings and social and regulatory acceptance will affect ( alter) the scope of automation.Other some scientists also indicate U.S. country for example, the anticipate shift in the activities in labor force of a similar order of magnitude as the long term sight away from agriculture and decreases in manufacturing. Share of employment in the United States both which were achieved. So, those factors can influence why artificial intelligence technology needs. So, it is possible that future agriculture and manufacturing both industries will apply (AI) technology manufacturer-kind of job nature to raise productivity instead of farmers, fruit picking workers, farming transportation labours as well as factory manufacturing workers and supervisors etc. human-kind of job nature.⦁Is artificial intelligence possible to replace labor ?Not just intelligence, but also debating, if machines are capable of having a conscious minds. Artificial intelligence has those characteristics as below: On functionalism aspect, artificial intelligence inputs mental states, sensory inputs, ( beliefs, desires being in pain feeling) and behavioral outputs. Since mental states are identified by a functional role, which are thoughts to be manifested in various systems. Even, perhaps computers which are physical devices with electronic substrate that inform computations on inputs to give outputs similar to brains which are artificial intelligence composed of part any intrinsic relationship to each other. Thus, artificial intelligence activities is not the whole itself, but into parts or on external influence on the parts.

When Machines Learn

Author : Lars Meyer
Publisher : eBookIt.com
ISBN 13 : 1456643916
Total Pages : 149 pages
Book Rating : 4.4/5 (566 download)

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Book Synopsis When Machines Learn by : Lars Meyer

Download or read book When Machines Learn written by Lars Meyer and published by eBookIt.com. This book was released on 2024-01-04 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the Dawn of a New Era: The Ties Between Artificial Intelligence and Our Future Imagine a world where every aspect of life is enhanced by artificial intelligence--our jobs, our ethical decisions, and even the way we interact with one another. "When Machines Learn: AI and the Transformation of Society" is a gripping exploration of this not-so-distant future, where AI is not only a tool but a transformative force reshaping every facet of human existence. Dive into the heart of innovation with the pioneering journey through the evolution of artificial intelligence. Unravel the mysteries of its fundamentals and witness history unfold, as AI advances from primitive concepts to sophisticated systems that seamlessly integrate into our daily lives. Take a front-seat tour of the most groundbreaking applications that are setting the stage for a revolution. With humanity at a critical crossroads, explore the intricate dance between AI and its impact on the workforce. Jobs will evolve, industries will be reborn, and a new skilled labor market will rise from the ashes of automation. This book peels back layers of fear and uncertainty, revealing the silver lining of opportunities that lie ahead. Yet, this brave new world comes with its moral dilemmas. Delve into the heart of AI's ethical considerations, addressing the challenging questions of bias, equality, and the importance of transparent and accountable systems. What are the implications for privacy in a data-driven world? How do we navigate the tightrope between technological advancement and the protection of individual rights? Discover how AI will shape the future of humanity, not just through technological prowess but by redefining the core of societal values. Human-AI collaboration paints a vivid picture of enhanced human capabilities, while case studies of AI-driven innovation showcase the explosive potential at our fingertips. The book casts a gaze upon the global stage, examining international policies and the geopolitical race for AI supremacy. It shows us how artificial intelligence can redefine the way we live our daily lives, from personalized experiences to groundbreaking strides in health, education, and transportation. Prepare yourself with knowledge to face the imminent AI future. If you're curious about how AI will disrupt, reconstruct, and innovate the world as we know it, this book is your essential guide to understanding and embracing the AI revolution. Step into the pages of "When Machines Learn" and navigate the boundless possibilities of tomorrow.

The AI Economy

Author : Roger Bootle
Publisher : Nicholas Brealey
ISBN 13 : 1473696208
Total Pages : 422 pages
Book Rating : 4.4/5 (736 download)

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Book Synopsis The AI Economy by : Roger Bootle

Download or read book The AI Economy written by Roger Bootle and published by Nicholas Brealey. This book was released on 2019-11-26 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gold winner in Business Technology category, 2020 Axiom Business Book Awards Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future. Extraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time. A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future.

New Laws of Robotics

Author : Frank Pasquale
Publisher : Harvard University Press
ISBN 13 : 0674250044
Total Pages : 345 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis New Laws of Robotics by : Frank Pasquale

Download or read book New Laws of Robotics written by Frank Pasquale and published by Harvard University Press. This book was released on 2020-10-27 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI is poised to disrupt our work and our lives. We can harness these technologies rather than fall captive to them—but only through wise regulation. Too many CEOs tell a simple story about the future of work: if a machine can do what you do, your job will be automated. They envision everyone from doctors to soldiers rendered superfluous by ever-more-powerful AI. They offer stark alternatives: make robots or be replaced by them. Another story is possible. In virtually every walk of life, robotic systems can make labor more valuable, not less. Frank Pasquale tells the story of nurses, teachers, designers, and others who partner with technologists, rather than meekly serving as data sources for their computerized replacements. This cooperation reveals the kind of technological advance that could bring us all better health care, education, and more, while maintaining meaningful work. These partnerships also show how law and regulation can promote prosperity for all, rather than a zero-sum race of humans against machines. How far should AI be entrusted to assume tasks once performed by humans? What is gained and lost when it does? What is the optimal mix of robotic and human interaction? New Laws of Robotics makes the case that policymakers must not allow corporations or engineers to answer these questions alone. The kind of automation we get—and who it benefits—will depend on myriad small decisions about how to develop AI. Pasquale proposes ways to democratize that decision making, rather than centralize it in unaccountable firms. Sober yet optimistic, New Laws of Robotics offers an inspiring vision of technological progress, in which human capacities and expertise are the irreplaceable center of an inclusive economy.

Artificial Intelligence, Automation, and the Economy

Author : Executive Office of the President
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781544643533
Total Pages : 56 pages
Book Rating : 4.6/5 (435 download)

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Book Synopsis Artificial Intelligence, Automation, and the Economy by : Executive Office of the President

Download or read book Artificial Intelligence, Automation, and the Economy written by Executive Office of the President and published by Createspace Independent Publishing Platform. This book was released on 2017-03-12 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Artificial Intelligence (AI) technology and related fields have opened up new markets and new opportunities for progress in critical areas such as health, education, energy, economic inclusion, social welfare, and the environment. In recent years, machines have surpassed humans in the performance of certain tasks related to intelligence, such as aspects of image recognition. Experts forecast that rapid progress in the field of specialized artificial intelligence will continue. Although it is unlikely that machines will exhibit broadly-applicable intelligence comparable to or exceeding that of humans in the next 20 years, it is to be expected that machines will continue to reach and exceed human performance on more and more tasks. AI-driven automation will continue to create wealth and expand the American economy in the coming years, but, while many will benefit, that growth will not be costless and will be accompanied by changes in the skills that workers need to succeed in the economy, and structural changes in the economy. Aggressive policy action will be needed to help Americans who are disadvantaged by these changes and to ensure that the enormous benefits of AI and automation are developed by and available to all. Following up on the Administration's previous report, Preparing for the Future of Artificial Intelligence, which was published in October 2016, this report further investigates the effects of AI-driven automation on the U.S. job market and economy, and outlines recommended policy responses. This report was produced by a team from the Executive Office of the President including staff from the Council of Economic Advisers, Domestic Policy Council, National Economic Council, Office of Management and Budget, and Office of Science and Technology Policy. The analysis and recommendations included herein draw on insights learned over the course of the Future of AI Initiative, which was announced in May of 2016, and included Federal Government coordination efforts and cross-sector and public outreach on AI and related policy matters.

The Reasonable Robot

Author : Ryan Abbott
Publisher : Cambridge University Press
ISBN 13 : 1108600409
Total Pages : 165 pages
Book Rating : 4.1/5 (86 download)

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Book Synopsis The Reasonable Robot by : Ryan Abbott

Download or read book The Reasonable Robot written by Ryan Abbott and published by Cambridge University Press. This book was released on 2020-06-25 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: AI and people do not compete on a level-playing field. Self-driving vehicles may be safer than human drivers, but laws often penalize such technology. People may provide superior customer service, but businesses are automating to reduce their taxes. AI may innovate more effectively, but an antiquated legal framework constrains inventive AI. In The Reasonable Robot, Ryan Abbott argues that the law should not discriminate between AI and human behavior and proposes a new legal principle that will ultimately improve human well-being. This work should be read by anyone interested in the rapidly evolving relationship between AI and the law.

Artificial Intelligence and Jobs

Author : Alessandra Bonfiglioli
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Artificial Intelligence and Jobs by : Alessandra Bonfiglioli

Download or read book Artificial Intelligence and Jobs written by Alessandra Bonfiglioli and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effect of Artificial Intelligence (AI) on employment across US commuting zones over the period 2000-2020. A simple model shows that AI can automate jobs or complement workers, and illustrates how to estimate its effect by exploiting variation in a novel measure of local exposure to AI: job growth in AI-related professions built from detailed occupational data. Using a shift-share instrument that combines industry-level AI adoption with local industry employment, we estimate robust negative effects of AI exposure on employment across commuting zones and time. We find that AI's impact is different from other capital and technologies, and that it works through services more than manufacturing. Moreover, the employment effect is especially negative for low-skill and production workers, while it turns positive for workers at the top of the wage distribution. These results are consistent with the view that AI has contributed to the automation of jobs and to widen inequality.